On March 31, 1999, the face amount of marketable U.S. government securities held in custody by theFederal Reserve Banks for foreign official and international accounts was 597,554 million, a change of +$ 795 million for the week. The total includes the face value of U.S. Treasury strips and other zerocoupon bonds.1 Net of $ 18,275 million daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 18,275 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. government securities.2 Net of $ 18,940 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 18,940 million was with foreign official and international accounts. Includes $ 153 million securities loaned--fully secured U.S. government securities.3 Includes $ 4,087 million of inflation-indexed securities valued at the original face amount and $ 87 million of compensation that adjusts for the effects of inflation on the principal of such securities.4 Consists of required clearing balances of $ 6,445 million and adjustments of $ 372 million to compensate for float.5 Excludes required clearing balances and adjustments to compensate for float.

* Estimated (Treasury's figures).Components may not add to totals due to rounding.

Worksheet for H.4.1 (a)

CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKSMillions of Dollars

Change Since

ASSETS

*

Wednesday Mar 31, 1999

Wednesday Mar 24, 1999

Wednesday Apr 1, 1998

Gold certificate account

11,049

+ 2

0

Special drawing rights certificate account

8,200

0

- 1,000

Coin

428

- 18

- 92

Loans

246

+ 228

+ 218

Acceptances

0

0

0

Federal agency obligations

Bought outright

311

0

- 314

Held under repurchase agreements (1)

5,606

+ 1,073

+ 4,578

U.S. government securities

Bought outright--Bills

196,759

- 974

+ 1,322

Notes (2)

194,968

+ 1,414

+ 18,532

Bonds (3)

73,959

+ 502

+ 12,471

Total bought outright (4)

465,686

+ 942

+ 32,325

Held under repurchase agreements (1)

12,730

- 4,283

+ 9,433

Total U.S. government securities

478,416

- 3,341

+ 41,758

Total loans and securities

484,578

- 2,041

+ 46,239

Items in process of collection

(463)

7,097

+ 542

- 918

Bank premises

1,303

- 1

+ 23

Other assets (5)

31,297

- 456

+ 1,659

TOTAL ASSETS

(463)

543,952

- 1,971

+ 45,911

LIABILITIES

Federal Reserve notes

491,715

+ 1,563

+ 41,386

Deposits

Depository institutions

22,541

- 3,825

+ 1,814

U.S. Treasury--general account

5,374

+ 175

+ 1,840

Foreign--official accounts

166

- 3

- 20

Other

(0)

235

+ 15

- 118

Total deposits

(0)

28,316

- 3,639

+ 3,516

Deferred availability cash items

(463)

7,117

+ 390

- 400

Other liabilities and accrued dividends (6)

4,328

- 121

- 273

TOTAL LIABILITIES

(463)

531,475

- 1,809

+ 44,227

CAPITAL ACCOUNTS

Capital paid in

6,122

+ 32

+ 651

Surplus

5,944

- 8

+ 742

Other capital accounts

411

- 187

+ 291

*Figures in parentheses are the eliminations made in the consolidation process.1 Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreign official and international accounts of which $ 0 million was outstanding at the end of the latest statement week.2 Includes $ 3,267 million of inflation-indexed securities valued at the original face amount and $ 74 million of compensation that adjusts for the effects of inflation on the principal of such securities.3 Includes $ 820 million of inflation-indexed securities valued at the original face amount and $ 13 million of compensation that adjusts for the effects of inflation on the principal of such securities.4 Net of $ 18,940 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 153 million securities loaned--fully secured by U.S. government securities.5 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $ 0 million in Treasury bills maturing within 90 days.6 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments.Components may not add to totals due to rounding.

MATURITY DISTRIBUTION OF LOANS AND SECURITIES, March 31, 1999Holdings of securities include securitites held under repurchase agreements, which are classified accordingto remaining maturity.

Millions of dollars

U.S. government securities (1)

Federal agency obligations

Loans

Acceptances

Holdings

Weekly changes

Holdings

Weekly changes

Within 15 days

243

0

Within 15 days

26,785

- 3,003

5,606

+ 1,073

16 to 90 days

3

0

16 to 90 days

98,303

- 1,234

27

+ 4

Over 90 days

0

0

91 days to 1 year

134,439

- 1,005

79

- 4

Over 1 to 5 years

112,263

+ 1,397

30

0

Over 5 to 10 years

46,598

+ 2

175

0

Over 10 years

60,029

+ 502

0

0

Total

246

0

Total

478,416

- 3,341

5,917

+ 1,073

1 Includes $ 4,087 million of inflation-indexed securities valued at the original face amount and $ 87 million of compensation that adjusts for the effects of inflation on the principal of such securities.Components may not add to totals due to rounding.

H.4.1 (b)

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON March 31, 1999Millions of dollars

ASSETS

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas City

Dallas

SanFrancisco

Gold certificate account

11,049

582

4,209

323

643

807

717

998

358

128

289

530

1,465

Special drawing rights certif. acct.

8,200

406

3,215

247

396

683

596

725

232

103

231

451

915

Coin

428

23

17

47

26

54

45

47

15

25

27

42

60

Loans

246

4

19

0

0

0

4

4

5

2

205

0

3

Acceptances

0

0

0

0

0

0

0

0

0

0

0

0

0

Federal agency obligations

Bought outright

311

17

115

9

20

24

19

30

11

3

9

14

39

Held under repurchase agreements(1)

5,606

0

5,606

0

0

0

0

0

0

0

0

0

0

U.S. government securities

Bought outright--Bills

196,759

10,716

72,927

5,721

12,788

15,500

11,969

18,889

6,914

2,162

5,458

8,946

24,769

Notes (2)

194,968

10,618

72,263

5,668

12,671

15,358

11,860

18,717

6,851

2,142

5,409

8,865

24,544

Bonds (3)

73,959

4,028

27,412

2,150

4,807

5,826

4,499

7,100

2,599

813

2,052

3,363

9,311

Total bought outright(4)

465,686

25,362

172,602

13,539

30,266

36,684

28,328

44,707

16,365

5,116

12,918

21,174

58,624

Held under repurchase agreements(1)

12,730

0

12,730

0

0

0

0

0

0

0

0

0

0

Total U.S.govt. securities

478,416

25,362

185,332

13,539

30,266

36,684

28,328

44,707

16,365

5,116

12,918

21,174

58,624

Total loans and securities

484,578

25,383

191,072

13,548

30,286

36,709

28,351

44,741

16,381

5,122

13,132

21,188

58,666

Items in process of collection

7,561

453

859

363

380

480

825

652

364

553

420

370

1,842

Bank premises

1,303

93

158

50

157

125

89

106

31

130

53

148

163

Other assets(5)

31,297

1,419

10,441

893

1,900

4,339

1,935

2,768

786

699

747

1,202

4,167

Interdistrict settlement account

0

+ 1,862

- 75

+ 4,098

- 4,550

- 4,226

+ 157

+ 4,968

+ 801

- 298

+ 1,547

+ 1,455

- 5,740

TOTAL ASSETS

544,416

30,221

209,896

19,569

29,238

38,971

32,715

55,005

18,968

6,462

16,446

25,386

61,537

1 Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreign official and international accounts, of which $ 0 was outstanding at the end of the latest statement week.2 Includes $ 3,267 million of inflation-indexed securities valued at the original face amount and $ 74 million of compensation that adjusts for the effects of inflation on the principal of such securities.3 Includes $ 820 million of inflation-indexed securities valued at the original face amount and $ 13 million of compensation that adjusts for the effects of inflation on the principal of such securities.4 Net of $ 18,940 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 153 million securities loaned--fully secured by U.S. government securities.5 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $ 0 million in Treasury bills maturing within 90 days.Components may not add to totals due to rounding.

H.4.1 (c)

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON March 31, 1999Millions of dollars

LIABILITIES

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas City

Dallas

SanFrancisco

Federal Reserve notes

491,715

27,743

192,400

18,366

26,260

33,604

28,924

50,614

17,588

4,582

14,894

23,408

53,331

Deposits

Depository institutions

22,541

1,200

6,630

441

1,427

1,945

1,661

2,218

598

853

728

961

3,880

U.S. Treasury--general account

5,374

0

5,374

0

0

0

0

0

0

0

0

0

0

Foreign--official accounts

166

7

50

4

10

30

10

14

3

5

3

6

24

Other

235

1

161

1

4

30

10

4

8

1

12

1

3

Total deposits

28,316

1,208

12,215

446

1,440

2,005

1,681

2,237

610

859

743

967

3,906

Deferred credit items

7,580

457

914

263

449

547

988

540

337

527

342

353

1,862

Other liabilities and accrued dividends (1)

4,328

229

1,605

147

265

340

279

398

163

82

147

196

476

TOTAL LIABILITIES

531,939

29,637

207,134

19,223

28,414

36,497 ;

31,873

53,789

18,697

6,050

16,126

24,925

59,575

CAPITAL ACCOUNTS

Capital paid in

6,122

285

1,307

170

407

1,244

414

597

140

209

157

225

966

Surplus

5,944

267

1,208

176

399

1,231

418

583

121

202

140

227

972

Other capital accounts

411

33

247

0

19

0

10

36

10

1

23

9

25

TOTAL LIABILITIES AND CAPITAL ACCOUNTS

544,416

30,221

209,896

19,569

29,238

38,971

32,715

55,005

18,968

6,462

16,446

25,386

61,537

FEDERAL RESERVE AGENTS' ACCOUNTS

F.R. notes outstanding

665,942

32,886

262,567

21,106

31,019

51,301

45,227

62,714

21,575

9,191

19,367

33,947

75,042

Less--Held by F.R. Banks

174,228

5,143

70,168

2,740

4,759

17,697

16,303

12,100

3,987

4,609

4,472

10,539

21,711

F.R. notes, net

491,715

27,743

192,400

18,366

26,260

33,604

28,924

50,614

17,588

4,582

14,894

23,408

53,331

Collateral held against F.R. notes

Gold certificate account

11,049

Special drawing rights certificate account

8,200

Other eligible assets

0

U.S.govt. and agency securities

472,466

Total collateral

491,715

1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments.Components may not add to totals due to rounding.